S & U Share Discussion Threads

[plasybryn] 05/8/2016 07:17

Brillant. Never put a foot wrong.

[cwa1] 05/8/2016 07:14

You just gotta love 'em.....

HALF YEAR UPDATE AND NOTICE OF RESULTS

S&U plc issues its trading update for the period from its AGM statement of the 17th May to 31st July 2016, and will announce its half year results on 27th September 2016.

Trading

In contrast to the recent gyrations and doom saying in the stock and currency markets following June's Brexit vote, trading in the real world at our Advantage motor finance business continues as strong and consistent as ever. Customer applications are at a record high with live customer numbers up 39% on last year at over 38,000 whilst margins are being maintained.

As collections and repayments at Advantage scale new monthly highs, credit quality, whilst not at the record levels of last year, is nevertheless close to the historically high levels of the past two years and within our expectations. Advantage net receivables are now approaching GBP175m and have grown at over GBP1m per week in the first half of the financial year.

Funding

Our existing funding lines provide sufficient headroom for the growth we anticipate at Advantage over the next two years; as well as for new initiatives the Group may wish to undertake. For the medium term, 2018 and beyond, we anticipate extending our finance facilities during the second half of this financial year.

Commenting on the Group's trading and outlook, Anthony Coombs, S&U chairman said:

"A sound and consistent strategy, substantial investment and a dynamic and committed team both at Advantage and the Group, form the bedrock of S&U's progress.

"That is why, whatever the current economic uncertainties, we continue to regard the future with great confidence."

[nfs] 03/8/2016 11:10

Nice results and comments from pendragon In today's Times,'sales of used cars,their financing and after sales service are on the up'

[firtashia] 24/6/2016 13:38

From what I remember, the Coombs' are eurosceptic; presumably then they would view Brexit as having no material impact on their business?

[rogerbridge] 22/6/2016 20:58

Have some cash ready, just in case we do have Brexit.

[plasybryn] 22/6/2016 20:56

Still looking good.

[jeffian] 15/6/2016 11:56

I already have plenty but I was rather hoping the Brexit referendum might provide a buying opportunity. However, it seems immune to the concerns shown by the wider market. Oh well.

[plasybryn] 15/6/2016 11:50

My post 1180 delivered £25 much sooner than I expected!
Not complaining.
Nice dividend coming as well.

[rogerbridge] 10/6/2016 17:48

Thanks Tudes100

[tudes100] 10/6/2016 02:19

IC tip this week, explains the share price move upwards, few journo's getting in first I suspect

[tudes100] 09/6/2016 13:32

nor am I !!

[rogerbridge] 09/6/2016 11:11

Not complaining though.

[tudes100] 09/6/2016 09:36

not based on any volume which is a little odd

[nfs] 09/6/2016 08:54

The edging up of recent days seems to be gathering pace

[plasybryn] 29/5/2016 16:54

Goes Ex dividend on 16th June.
Pay day is 17th July.
With the car market remaining solid and SUS bullish for their outlook, I think we will see the next leg up towards £25 & then £30 in fairly short order (£30 within 12 months is my gut feel).
The recent weakness was uncharacteristic & there was no reason it fell back to £20 IMO.
It did provide a great buying opportunity, but even at the current price there is plenty of 6/12 month upside IMO. DYOR.

[nfs] 20/5/2016 11:54

So for year ended Jan 17 the eps is forecast to grow from 133p to 192p,not far short of 50%Wow

[jombaston] 19/5/2016 15:25

The only explanation is that the market is pricing a boom-to-bust scenario.

The increase in customers announced is staggering, up 9.2% in just two months.

Not surprising to see that profit forecast revised up. You could argue about 2017 (FY2018)if you are expecting a slowdown in the car market but the slowdown will have to start very soon if profits are not going to be substantially higher this year compared to last.

[rogerbridge] 17/5/2016 10:51

Coombs deliver again.

[plasybryn] 17/5/2016 07:09

Solid & full of confidence.

[cwa1] 17/5/2016 07:05

What can you say :-)

S & U PLC

17 May 2016

17(th) May 2016

S&U plc ("S&U" or "the Group")

AGM Statement and Trading Update

S&U, the motor finance and specialist lender, issues a trading update for the period from its full year results on 22(nd) March 2016 up to the 17(th) May 2016 prior to its AGM being held today.

Trading is very good. In fact, despite a generally more restrained recent economic outlook in the UK, Advantage Finance has recently seen an acceleration in its already impressive motor finance transactions growth rate. Customer numbers are now at an all-time high of 35,600, an increase of 3,000 since year-end and net receivables exceed GBP160m (GBP145m at the year-end). Debt quality remains excellent whilst collections, profit margins and average loan sizes are all on budget.

Funding

Our existing bank and finance facilities can comfortably accommodate our current rate of investment in Advantage of around GBP4m per month. Gearing has risen from 9% at year end to 19% now and our current projections suggest that it will not exceed 55% over the next 4 years as our business matures. Further funding will also be made available for suitable acquisitions and new initiatives as and when they are identified.

Commenting on S&U's trading and outlook, Anthony Coombs, S&U Chairman, said:

"Advantage's customary high standards and commitment to its burgeoning number of customers continue to reap their proper reward. A conservative and strong treasury position will allow both Advantage, and the S&U Group generally, scope for continued expansion in the exciting and rewarding times ahead."

[nfs] 05/4/2016 15:21

I recently re-discovered this company and read the accounts with an ever widening smileWords like transformative and accelerating growth are not often used. Resources to add in a new business and invest in their existing operations with a currently tiny share.Well done to all holders here, I joined in recenty

[tudes100] 24/3/2016 01:36

Interview with Anthony Coombs
www.youtube.com/watch?v=ckO5CJ_sGio

[tudes100] 22/3/2016 08:55

Good chance of broker upgrades I suspect, current forecast EPS for FY17 Arden 166p, Edison 159p. Assuming 165p would put us on a PE of 13.8x (12.8x taking into account net cash), excellent value I'd say with S&U's track record.